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Copyright: Toni Straka, 2005-2011 This blog is for information and entertainment purposes only. Under no circumstances does this information represent a recommendation to buy or sell securities or any other type of investment instruments.

Sunday, August 26, 2012

It's been a long blogging hiatus but actually nothing has changed in Eurozone monetary politics. If you have gotten confused about the monetary instruments the ECB threatens to deploy, this blogger is happy to have received this picture of the EUro-Wunderwaffe in action. Mind you: That's all the ECB has.

Thursday, August 23, 2012

Prices above $30/oz of silver as of today are only the first step for the expected explosion in silver prices due to the size of the market. This guest post by Sean, who I met first 2007 in Vancouver, confirms that the fundamental outlook projects a bottleneck for investible silver.

--- by Sean Rakhimov ---

It has been a while since we had this
nagging feeling that we’re witnessing something profound taking
place before our eyes and the market doesn’t seem to grasp it yet.
We are not talking about the smorgasbord of events effecting markets
all over the globe that is receiving ample coverage elsewhere in the
media. As readers might know, our particular interest is in the
silver space, and that is where we see an elephant in the room that
hasn’t made headlines yet.

No doubt most readers are aware of the
recent developments in countries like Argentina, Bolivia, Peru and
others, with respect to what can be broadly classified as “resource
nationalism”. Our general views on the subject were detailed
a few years ago, here. As discussed by this writer
and others, such developments are not new and certainly not limited
to silver or even the mining sector. However, in our opinion, it is
in the silver space that these events should have the most profound
effect.

Wikinvest Wire

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EXCERPT FROM THE US CONSTITUTION, Article I, section 10: No State shall ... coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts....

FROM THE US TREASURY WEBSITE: "Federal Reserve notes are not redeemable in gold, silver or any other commodity, and receive no backing by anything. The notes have no value for themselves, but for what they will buy."

A LESSON FROM HISTORY BOOKS: The past 300 years have proven that ALL fiat money experiments ended in complete devaluation. From Rome to Britain: every empire vanished into oblivion soon after it went off the gold standard. It is time to recognize the obvious: Unbacked money has never worked.

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About Me

I am an INDEPENDENT Certified Financial Analyst who worked as a financial journalist for 15+ years and now evaluate global market trends. Analyzing financial and political news permanently I want to share my insight with those who understand that we are in an era of global redistribution of wealth. The US-European centric approach does not work anymore. 6 billion people in the developing countries now demand their fair share of the world's resources.
Having worked many years for a leading newswire I have learned to understand the fatal concept of ever expanding credit by heart. If you want to learn about the future of the economy, study history.